4 ms·

Don't let "Fear of missing out" drive you to speculate (not invest) in what every sane person knows to be a bubble.

rblion 9y ago
you read my mind, that fear is why I think I should invest. My gut says 'this is like 1999'. On my Facebook feed there is one kid who is a tech support agent who has become a 'bitcoin daytrader' and a music video model who posts screenshots of prices every every other day. It seems everyone and their mom will be getting into it in 2018. You never think we could both be wrong and are missing something? Just curious.
- madamelic 9y ago
  No. The idea is good, the sentiment is bad. These people aren't getting into Bitcoin because they believe in the mission, they just see pretty graphs and lots of money. I think this should be a pretty good sign to start hedging.
  - rblion 9y ago
    Couldn't agree more, I think blockchain is something special and out of all of them I like Ethereum the most. Yet, I know enough about economics and psychology to forsee a lot of the same issues in today's capital markets inside of future ones too.
- lastofus 9y ago
  I'm often wrong, but overall I think I'm a happier person not having my decisions be driven by other people, especially folks who paint a idyllic distorted image of themselves on social media. With that said I too have at least looked into buying some BTC, but only with "fun money". At this point, I think cryptocurrency speculation is like going to Vegas where you set aside some money you can afford to lose, and having fun playing the game is the point. Because long term, if you keep playing the games long enough, you will lose it all.
  - rblion 9y ago
    I normally don't let social media affect me, I barely even use it Facebook or Instagram anymore (just a few minutes of scrolling a day before feeling annoyed and logging out), check Twitter a few times a week at most, don't use Snapchat at all. It's had a positive impact on my well-being for sure. Fair point about only betting 'fun money', I feel that I should trust my gut and accept that the best time to 'get in' was a year ago and best time to cash out is probably in 2018. We'll wait and see.

you read my mind, that fear is why I think I should invest. My gut says 'this is like 1999'. On my Facebook feed there is one kid who is a tech support agent who has become a 'bitcoin daytrader' and a music video model who posts screenshots of prices every every other day. It seems everyone and their mom will be getting into it in 2018. You never think we could both be wrong and are missing something? Just curious.

madamelic 9y ago
No. The idea is good, the sentiment is bad. These people aren't getting into Bitcoin because they believe in the mission, they just see pretty graphs and lots of money. I think this should be a pretty good sign to start hedging.
- rblion 9y ago
  Couldn't agree more, I think blockchain is something special and out of all of them I like Ethereum the most. Yet, I know enough about economics and psychology to forsee a lot of the same issues in today's capital markets inside of future ones too.
lastofus 9y ago
I'm often wrong, but overall I think I'm a happier person not having my decisions be driven by other people, especially folks who paint a idyllic distorted image of themselves on social media. With that said I too have at least looked into buying some BTC, but only with "fun money". At this point, I think cryptocurrency speculation is like going to Vegas where you set aside some money you can afford to lose, and having fun playing the game is the point. Because long term, if you keep playing the games long enough, you will lose it all.
- rblion 9y ago
  I normally don't let social media affect me, I barely even use it Facebook or Instagram anymore (just a few minutes of scrolling a day before feeling annoyed and logging out), check Twitter a few times a week at most, don't use Snapchat at all. It's had a positive impact on my well-being for sure. Fair point about only betting 'fun money', I feel that I should trust my gut and accept that the best time to 'get in' was a year ago and best time to cash out is probably in 2018. We'll wait and see.